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. >> reporter: gop lawmakers don't want higher rates and say the obama administration's proposed cuts to entitlements don't go far enough. >> i think we're going over the cliff. it's pretty clear to me they have made a political calculation. this offer doesn't remotely deal with entitlement reform in a way to save medicare and medicaid and social security from bankruptcy. >> reporter: if a deal is not reached, taxes go up and spending will be clashed. defense contractors are sending the message to lawmakers those cuts would damage the military industry and weaken national security. the ceo of task, a company that develops aviation systems and software for intelligence agencies: >> over 50% of the defense budget is procuring services and services are underscored by jobs. so of course there will be job loss if you have cuts. >> reporter: the cliff hits at the end of the year. but congressional leaders say a compromise needs to be figured out in the next couple of weeks so lawmakers have enough time to debate and pass it. in washington, danielle nottingham, cbs 5. >>> so if democrats and
. >> reporter: gop lawmakers don't want higher rates and say the obama administration's proposed cuts to entitlements don't go far enough. >> i think we're going over the cliff. it's pretty clear to me they have made a political calculation. this offer doesn't remotely deal with entitlement reform in a way to save medicare and medicaid and social security from bankruptcy. >> reporter: if a deal is not reached, taxes go up and spending will be clashed. defense contractors are...
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the obama administration is warning assad we in america are watching his every move, especially when it comes to these chemical weapons. >> the president made it clear the use of chemical weapons was a red line. we are monitoring the regime's chemical weapons stockpiles. i won't get into intelligence matters. but with the regime's grip on the power loosening with its failure to put count opposition to conventional means, we have an increased concern about the possibility about the regime taking the desperate act of using chemical weapons. >> reporter: senior obama administration officials confirmed to fox news that for loyal to bashar al-asaad have been observed moving around the regime's to be piles of chemical weapons. though to what degree and what ultimate purpose those things remain unknown at this point. the movement of the weapons components at several dozen known sites was first reported in the "new york times." they harbor concerns about possible preparation for use of chemical weapons but sources say they don't know if they noon use them. seen or officials have spoken publi
the obama administration is warning assad we in america are watching his every move, especially when it comes to these chemical weapons. >> the president made it clear the use of chemical weapons was a red line. we are monitoring the regime's chemical weapons stockpiles. i won't get into intelligence matters. but with the regime's grip on the power loosening with its failure to put count opposition to conventional means, we have an increased concern about the possibility about the regime...
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martha: lindsey graham says the benghazi attack is a failure of the obama administration to get tough with terror. >> we need to get into the details of why they died and why we left our con that so unsecured when the british left and everyone else. if we don't change our strategy from a foreign policy, change this lightfoot print approach to the war on terror there will be more benghazis. martha: what about that morning. i'm joined by kt macfarland. kt, it's so interesting. you watch these shows and you hear benghazi brought up. so often the reacross is get over it. move on. move on. why should we not move on? >> because that wham we did in 1998 when there were twin bombings in u.s. embassies in east africa and in 2000 when there was an attack against the u.s.s. cole in the region. what are we doing now? fast forward a decade. we have had attacks on american soil at consulate and americans had died. what are we doing? we are arguing with ourselves. we know where those died training camps are in eastern libya. why not go after them. what is the lesson al qaeda takes from this? once ag
martha: lindsey graham says the benghazi attack is a failure of the obama administration to get tough with terror. >> we need to get into the details of why they died and why we left our con that so unsecured when the british left and everyone else. if we don't change our strategy from a foreign policy, change this lightfoot print approach to the war on terror there will be more benghazis. martha: what about that morning. i'm joined by kt macfarland. kt, it's so interesting. you watch...
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that's the choice in this election. >> the administration is still asking you to send in stories about what being able to keep about $2,000 more a year means to you and your family. the president is planning to meet with state governors this week and the business roundtable, a big business lobbying group. this morning fiscal cliff negotiations appear to be at a stand still. treasury secretary tim geithner says the president's offer is unwavering. we're going to let tax rates go up for top earners and republicans will have to work with that reality. >> there is no responsible way we can govern this country with those low rates in place for future generations. those rates are going to have to go up. >> house speaker john boehner appears to be struggling now that the president and democrats are negotiating for a position of power. talking points memo points out republicans are used to getting 70% to 75% of what they ask for in these types of negotiations but now speaker boehner is going on and on about how he's shocked and amazed at president's plan and is refusing to offer a counter plan
that's the choice in this election. >> the administration is still asking you to send in stories about what being able to keep about $2,000 more a year means to you and your family. the president is planning to meet with state governors this week and the business roundtable, a big business lobbying group. this morning fiscal cliff negotiations appear to be at a stand still. treasury secretary tim geithner says the president's offer is unwavering. we're going to let tax rates go up for top...
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the obama administration drawing a line in the sand over tax hikes. the two sides seem further apart than ever with less than
the obama administration drawing a line in the sand over tax hikes. the two sides seem further apart than ever with less than
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either way, we are looking at white house obama administration taking this more seriously. the problem they face is a problem that they face in the sense of the last several months. the words don't mean as much now. they have been calling for assad to go for a year-and-a-half. they have been making the threats. very little of it has come to pass. there is very little action that supported the rhetoric over the course of the past year-and-a-half. if the stepped up rhetoric and hillary clinton identifying the use of chemical weapons as a redline which is well understood might give assad pause and people under him pause. it's the kind of situation where if you do this are you worried about what they said today as opposed to all year long. >> bret: there is fighting along the turkish border. turkey is concerned about that. about that increase. they will try to stop syrian jets attacking turkey, where the syrian rebels train. this is also increasing along the border. >> it's definitely increasing if the words from the president and the white house are the same, but it does seem
either way, we are looking at white house obama administration taking this more seriously. the problem they face is a problem that they face in the sense of the last several months. the words don't mean as much now. they have been calling for assad to go for a year-and-a-half. they have been making the threats. very little of it has come to pass. there is very little action that supported the rhetoric over the course of the past year-and-a-half. if the stepped up rhetoric and hillary clinton...
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he says the obama administration will refusion any fiscal deal that does to the include a high school on taxes for americans. >> he remains optimistic despite harsh words. >> with the clock ticking in washington and the fiscal cliff looming, he says the white house will only agree to a plan that including higher tax rates. >> if they are going me -- to force higher rates on all americans because their tax rates go up on 2% of americans, that's a choice we'll have to make. >> one1.6 trillion in tax revenue, cuts to medicare. he insists the bush era tax cuts must expire. >> what we did is put forward a very comprehensive, mix of savings and tax reforms that help us put us back on a path to stabilizing our death and living within our means. >> rebel cans did not welcome -- republicans did not welcome the proposal. >> i think it's essentially a rerun of his revenue proposals. they are 1.6 trillion in revenues and tax increases. >> and they're expressing frustration with the lack of progress. >> i would say we're nowhere. he's pointing out the administration did offer six hundred billion i
he says the obama administration will refusion any fiscal deal that does to the include a high school on taxes for americans. >> he remains optimistic despite harsh words. >> with the clock ticking in washington and the fiscal cliff looming, he says the white house will only agree to a plan that including higher tax rates. >> if they are going me -- to force higher rates on all americans because their tax rates go up on 2% of americans, that's a choice we'll have to make....
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forces and carry out special operations after twenty fourteen when according to the obama administration american forces are supposed to have completely left the country the afghan government has less than two years to agree or reject the idea the u.s. government may be looking at training armies abroad as a smart investment sort of like outsourcing makes sense in business it's cheaper than having u.s. troops on the ground no need to explain dead troops coming home makes sense from a lot of perspectives but that strategy has backfired more than once in the past eliminating populations that didn't want to see their military become a student of washington's wars in washington i'm gonna check out. more news ahead including the tale of the prime minister the press and a public baying for blood. damning at. it's simpler he says britons of free media needs to be reined in with regulation. and silicon valley is of turfing out of the talent after the break we explain why there is now no place for those who hope to america's digital innovation. wedge issues do just what their name implies they ge
forces and carry out special operations after twenty fourteen when according to the obama administration american forces are supposed to have completely left the country the afghan government has less than two years to agree or reject the idea the u.s. government may be looking at training armies abroad as a smart investment sort of like outsourcing makes sense in business it's cheaper than having u.s. troops on the ground no need to explain dead troops coming home makes sense from a lot of...
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the obama administration says it will announce a replacement in the near future. >>> starbucks has a new way to spend a lot of money. it is introducing the most expensive blend made from a rare costa rican variety named geisha. it is $7 a cup and only available in 48 stores. if you order one, drink it slowly and enjoy every sip. >>> is the fiscal cliff a mountain or mole hill? it depends who you ask and my next guests have two different opinions. joining me is komal sri-kumar, chief strategist with tcw and jim paulsen at wells capital management. good to see you. thank you for joining us. >> thank you. >> sri, your thoughts on the fiscal cliff. you say even if washington comes to a compromise we will see a drag on the economy and markets. why? >> i think we are going up the fiscal mountain now. it doesn't have to be a fiscal canyon. you don't have to have a lack of agreement and falling off the cliff in order for you to have a negative impact on the economy. even if you are coming down a fiscal slope with increase in some of the tax rates, for instance, expiring the payroll tax cuts
the obama administration says it will announce a replacement in the near future. >>> starbucks has a new way to spend a lot of money. it is introducing the most expensive blend made from a rare costa rican variety named geisha. it is $7 a cup and only available in 48 stores. if you order one, drink it slowly and enjoy every sip. >>> is the fiscal cliff a mountain or mole hill? it depends who you ask and my next guests have two different opinions. joining me is komal sri-kumar,...
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he has drawn a hard line saying the obama administration will refuse any fiscal cliff deep that does not include a tax hike on the richest americans. geithner remains optimistic despite harsh words from republicans. >> reporter: with the clock ticking in washington and the fiscal cliff moving closer every day, tim geithner said they will only approve a plan with tax rates. >> if they are going to force higher rates on virtually all americans, because they are unwilling to let tax rates go up on 2% of americans, then that's the choice they're going to have to make. >> reporter: geithner presented his plan to republicans, calling for $1.6 trillion in revenue and cuts in stimulus spending. he suggested the bush era tax cuts must expire for the wealthiest americans. >> we put forward a very comprehensive, carefully designed mix of savings and tax reforms to help us put us back on a path to stabilizing our debt and living within our means. >> reporter: republicans did not welcome the proposal. >> i was disappointed by the president's proposal. i think it is a rerun of his budget proposal.
he has drawn a hard line saying the obama administration will refuse any fiscal cliff deep that does not include a tax hike on the richest americans. geithner remains optimistic despite harsh words from republicans. >> reporter: with the clock ticking in washington and the fiscal cliff moving closer every day, tim geithner said they will only approve a plan with tax rates. >> if they are going to force higher rates on virtually all americans, because they are unwilling to let tax...
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what the obama administration is doing is unilaterally reducing the military capability of our forces. this is at a time when we have china with its massive force expansion, building a world capable force projecon capability. we have the russians modernizing the russian forces. we still have the iranian problem totally unresolved, north korea always aflashpoint. look at the middle east. anything far from being settled there. and let me take that navy as an example, which will be illustrative of the other forces and what it will do to the navy. it will take the navy and drive it down to the smallest force it has had since prior to world war one. not world war ii, lou. world war one. lou: you know, i'm sorry, admiral. when governor romney said that, pointed that out to president obama in the debate, he was -- we had horses and bayonets, too. he seemed to make light of that. how important is it? can you give us a sense of the impact? >> i think the president's comment is showing his inexperience in military matters. in this particular case we are going down to 220 ships. to put that numb
what the obama administration is doing is unilaterally reducing the military capability of our forces. this is at a time when we have china with its massive force expansion, building a world capable force projecon capability. we have the russians modernizing the russian forces. we still have the iranian problem totally unresolved, north korea always aflashpoint. look at the middle east. anything far from being settled there. and let me take that navy as an example, which will be illustrative of...
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brewer who has battled the obama administration over her state's immigration policies insists she's obeying laws. >> the state is the one that licenses the people to be able to drive on the streets. it's not the federal government. i'm not surprised i'm being sued, but that's the law and i'm going to obey my oath of office. >> it is worth noting that according to the arizona republic, the state already grants licenses to noncitizens with work permits. brewer seems to be singling out those who have received their permits through the department of homeland security's executive action. translation, jan brewer is picking a fight with president obama. michael steele, i have to go to you first on this. >> okay. sure, why not. >> i'm sorry, my friend. you have spoken at length and substantively about the problem that the gop has, not only with minorities but specifically with latinos. here we have a governor, we know the gop has been tripped up by actions at the state level, seems to be happening again with brewer. why is she pursuing this now. >> i don't know. it's clearly something within the wa
brewer who has battled the obama administration over her state's immigration policies insists she's obeying laws. >> the state is the one that licenses the people to be able to drive on the streets. it's not the federal government. i'm not surprised i'm being sued, but that's the law and i'm going to obey my oath of office. >> it is worth noting that according to the arizona republic, the state already grants licenses to noncitizens with work permits. brewer seems to be singling out...
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but if there's benign neglect in the second term of the obama administration in my view this will get out of hand. i am concerned about it. i think we're not there yet. but if there's four years of neglect, then each side takes unilateral steps. then we're in a very different place. therefore, that's why it's very important to get these parties to the table right now. >> suarez: quick final comment from ghaith. do palestinians still believe that the two-state solution is on the table? >> absolutely. public opinion over and over again believes that the two-state solution is do-able, is preferrable. they do not believe that it's realized in the foreseeable future. if the public starts losing faith in the viability of the two-state solution it will be abandoned. >> suarez: ghaith and david, good to talk to you both. >> thank you. >> brown: now, how to increase student performance in america's secondary schools. federal education officials announced today that five states will participate in an experiment to make students spend more time in school. meanwhile, many states are already imple
but if there's benign neglect in the second term of the obama administration in my view this will get out of hand. i am concerned about it. i think we're not there yet. but if there's four years of neglect, then each side takes unilateral steps. then we're in a very different place. therefore, that's why it's very important to get these parties to the table right now. >> suarez: quick final comment from ghaith. do palestinians still believe that the two-state solution is on the table?...
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and what the obama administration has made very clear is it's got to be tax rate. well, the republicans are saying, doesn't have to be the tax rate. you can come up with other money closing loopholes and deductions and stuff like that. so right now it's just a dance, somebody's got -- the republicans have to come up with a formal offer. >> gretchen: i was going to say, they don't have a plan. >> steve: we've heard the president's plan. it's crazy, according to the republicans. now it's time for the republicans to come out with a plan and then have the democrats say, no, that's crazy. >> gretchen: one thing is for sure, nobody is going to get everything that they want. that's just the way it is, i think, in this very difficult situation. both sides are going to have to compromise. >> brian: i think the rolling stones sang about satisfaction and you can't always get it. >> steve: you can't get no. >> brian: we'll go over that and maybe sing it. costco is a company in which the president always leans on the ceo, the guy in charge, to show that he's in touch with ameri
and what the obama administration has made very clear is it's got to be tax rate. well, the republicans are saying, doesn't have to be the tax rate. you can come up with other money closing loopholes and deductions and stuff like that. so right now it's just a dance, somebody's got -- the republicans have to come up with a formal offer. >> gretchen: i was going to say, they don't have a plan. >> steve: we've heard the president's plan. it's crazy, according to the republicans. now...
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the obama administration insists there's no deal without a tax increase. susan mcginnis is in washington with details this morning. susan, good morning to you. >> reporter: good morning, terrell. it may appear the two sides are nowhere but these talks are expected to pick up dramatically very soon. december is here and as they say here in washington the lawmakers can smell the jet fumes meaning the planes taking them home for their holiday recess. what we're hearing there should be a deal by christmas. the white house is already decorated for the holidays but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act america will ring in the new year with $110 billion in spending cuts and a $500 billion tax increase leaving the average household with a nearly $3,500 hangover. timothy geithner was on the hill last week to present the president's plan to congress. >> i was flabbergasted. >> reporter: president obama wants $1.6 trillion in new taxes on the rich. $400 billion in cuts to enti
the obama administration insists there's no deal without a tax increase. susan mcginnis is in washington with details this morning. susan, good morning to you. >> reporter: good morning, terrell. it may appear the two sides are nowhere but these talks are expected to pick up dramatically very soon. december is here and as they say here in washington the lawmakers can smell the jet fumes meaning the planes taking them home for their holiday recess. what we're hearing there should be a deal...
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administration was a little annoyed about so much attention being paid to ambassador rice i was the last thursday's press briefing at the white house and question after question was about susan rice and who knew what when about the benghazi attacks that took place well here was one of white house spokesman jay carney's responses to those barrage of questions and got going to say that this is again what is the point of the focus on this it could have been me it could have been invested rice when i took questions on this too and we all relied on. the information from the intelligence community the focus on the sunday show appearance is entirely misplaced and it represents less interest i think in what happened in benghazi and political dynamics in washington and you know what he's right the media is focused on the wrong thing if they want to focus on susan rice that's fine but this overkill of her allegedly misleading the american people based on vague information she may have gotten might not be the most significant thing here and i want to focus on the potential of her becoming secr
administration was a little annoyed about so much attention being paid to ambassador rice i was the last thursday's press briefing at the white house and question after question was about susan rice and who knew what when about the benghazi attacks that took place well here was one of white house spokesman jay carney's responses to those barrage of questions and got going to say that this is again what is the point of the focus on this it could have been me it could have been invested rice when...
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. >> the house speaker blamed the stalemate on the obama administration. he said they are not taking republicans seriously with plans to close loopholes and limited deductions without raising taxes. >> off the president may disagree but the fact is if there is a another way to get revenue from upper income americans that does not hurt our economy why would we not consider it. >> the president wants to in the bush era tax cuts for people making more than a quarter of a million dollars per year. the average middle-class public to pay about 2000 a year more in taxes. >> there is no reason why 98 percent of americans have to see their taxes go up because some members of congress on the republican side want to block tax rate increases for 2 percent of the most wealthy americans. >> nancy pelosi pushing for a house vote. >> we think it would be a wonderful christmas gift for the american people to receive a tax cut in january. >> we are optimistic. >> republican senator linda grant is pessimistic sang that it is a joke. >> the clock is ticking. i am andrew spenc
. >> the house speaker blamed the stalemate on the obama administration. he said they are not taking republicans seriously with plans to close loopholes and limited deductions without raising taxes. >> off the president may disagree but the fact is if there is a another way to get revenue from upper income americans that does not hurt our economy why would we not consider it. >> the president wants to in the bush era tax cuts for people making more than a quarter of a million...
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he suggests that someone in the obama administration simply try to change the story. >> it really is beyond the talking points and susan rice. it was a political narrative designed not around what the intelligence said, but what about the best politics were for them. jon: joining us now to help break this down is bret baier. the interesting thing in one of those sound like i'm jim -- the interesting thing in one of those sound bites is what she should have talked about on morning television. reporter: yes, senator rogers and senator feinstein both pointed to this. they were looking for western targets and they were looking to strike out. there were a number of different incidents and indications that that was going to happen, including cables sent by ambassador chris stevens himself. the security was deteriorating by the day. one that we know was just hours before he was murdered on september 11. chairman rogers is saying that the talking points that ambassador rice went beyond the talking points. and that is exactly what senator ayotte is also saying. kelly ayotte, the republican fr
he suggests that someone in the obama administration simply try to change the story. >> it really is beyond the talking points and susan rice. it was a political narrative designed not around what the intelligence said, but what about the best politics were for them. jon: joining us now to help break this down is bret baier. the interesting thing in one of those sound like i'm jim -- the interesting thing in one of those sound bites is what she should have talked about on morning...
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. >> that is the problem, because the obama administration understands exactly what you said. they need stability in egypt. they don't necessarily need a dictator replacing another dictator which is what morsi will have done, a secular dictator whose tyranny is not based on religious order, versus a religious dictator whose tyranny is based on one religion. if you are not in that religion or you are and you don't want to follow it can you not live the life the way you want. it is very serious. the constitution he is proposing will look like iran's constitution if it is passed and the real power resides in the religious dictates issued by 9 head of the islamic religion in the country. >>shepard: the moderates have walked out of the discussions and saying we will railroad this through. >>judge napolitano: there will be more riots because i think the judges will invalidate it. >>shepard: they have been through a lot. new trouble with millions of pounds of explosives in the recommend life home of a fictional town from "true blood" setting for a fictional vampire show with a very r
. >> that is the problem, because the obama administration understands exactly what you said. they need stability in egypt. they don't necessarily need a dictator replacing another dictator which is what morsi will have done, a secular dictator whose tyranny is not based on religious order, versus a religious dictator whose tyranny is based on one religion. if you are not in that religion or you are and you don't want to follow it can you not live the life the way you want. it is very...
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administration never explaining that they were advising the romney campaign. there has to be transparency and if you're getting paid cash by a candidate or advising a campaign, you have to disclose that. >> jon huntsman criticized big players in the gop saying that just concerned were getting on fox. he said, i looked down the debate stage and half of them were probably on fox contracts at one point in their career. you do that, you write some books, go out and sell some more, you get a radio gig or tv gig out of it or something, you say to yourself, the barriers of entry to this game are pretty damn low. >> you not only write some books but in some cases they buy the books. these organizations and think tank. and they do this. they will buy books and actually give them away, therefore, driving up the sales of the books. they get on a list and people think that they have honestly sold books to individuals all over the country. look, they are not a journalistic be organization. and i know what people will now e-mail me and say. well, they are number one. they a
administration never explaining that they were advising the romney campaign. there has to be transparency and if you're getting paid cash by a candidate or advising a campaign, you have to disclose that. >> jon huntsman criticized big players in the gop saying that just concerned were getting on fox. he said, i looked down the debate stage and half of them were probably on fox contracts at one point in their career. you do that, you write some books, go out and sell some more, you get a...
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what the obama administration and geithner said is massive tax increases and zero reforms. our savings come from not occupying iraq for the next 20 years. the budget they put forward was laughed out of the house and the senate last year. no democrat wanted to agree to that before they ran for re-election. >> but you're making the case because there is still the fundamental question of whether republicans feel beholden to the position that they cannot raise taxes, even if it's mandatory for how government out to operate. >> well, it didn't work that well in greece. not so positive in spain. these countries were deeply committed to your position. no tax increases. >> those states were bankrupted by their overspending. >> no one wanted to pay for it. >> the modern republican party wants less taxes and lower spending. they passed a ryan plan which reforms entitlements, reforms taxes, doesn't raise taxes. it's the democrats who don't have a legislative budget. >> make the case for why you view this the president making a truly balanced approach to not just solving this problem b
what the obama administration and geithner said is massive tax increases and zero reforms. our savings come from not occupying iraq for the next 20 years. the budget they put forward was laughed out of the house and the senate last year. no democrat wanted to agree to that before they ran for re-election. >> but you're making the case because there is still the fundamental question of whether republicans feel beholden to the position that they cannot raise taxes, even if it's mandatory...
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the obama administration draws a line in the sand over tax hikes. the two sides now seem further apart than ever before. and we have less than a month to go. >>> soledad, a flood of trouble in the west. widespread destruction as storms pound already soggy parts of northern california. >> lots to talk about this morning. we'll have joe linta, the agent for kansas city chiefs linebacker jovan belcher. also talking to florida republican congressman connie mack. california republican mary bono mack will join us as well. also, carlos gutierrez. former giants runningback tiki barber is with us in the studio. it's monday, december 3rd, and "starting point" begins right now. welcome, everybody. our team joining us around the table. barbara starr, cnn's pentagon correspondent. we were talking this morning, it has been literally four years since we've seen each other in person. >> last time i saw you was inauguration day. >> we talk all the time. in person, four years. kamau bell is a median. new york congresswoman nan hayworth. alina cho sticking around to h
the obama administration draws a line in the sand over tax hikes. the two sides now seem further apart than ever before. and we have less than a month to go. >>> soledad, a flood of trouble in the west. widespread destruction as storms pound already soggy parts of northern california. >> lots to talk about this morning. we'll have joe linta, the agent for kansas city chiefs linebacker jovan belcher. also talking to florida republican congressman connie mack. california republican...
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and timothy geithner headed up negotiations for the obama administration says the deal will be hard to come by without tax hikes for higher income americans and republican leaders led by house speaker john boehner calling the president's proposal essentially a waste of time. >> i was flabbergasted. >> we've the got seven weeks between election day and the end of the year, and three of those weeks have been wasted. >> steve centanni kicks off our college tonight from washington d.c. steve, where exactly do we stand tonight? >> well, harris, democrats are hoping republicans to raise taxes on the wealthy and the republicans are accusing the white house of wasting time. and saying that he didn't have a serious proposal when he reintroduced a plan to reduce 4 trillion dollars. >> the president asking for 1.6 trillion dollars worth of new revenue over ten years, twice as much as he's been asking for in public. his system spending in here that exceeded the amount of new cuts that he was willing to consider. it was not a serious offer. >> but so far it's the only white house offer on the table
and timothy geithner headed up negotiations for the obama administration says the deal will be hard to come by without tax hikes for higher income americans and republican leaders led by house speaker john boehner calling the president's proposal essentially a waste of time. >> i was flabbergasted. >> we've the got seven weeks between election day and the end of the year, and three of those weeks have been wasted. >> steve centanni kicks off our college tonight from washington...
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the obama proposal is raise that rate to 39.6% where it was during the clinton administration. what else is in this new gop proposal? >> reporter: let's show you some of the savings when it comes to government spending. first of all, they put about $600 billion in what the republicans are calling health savings. we understand -- we don't have details. we understand much of that comes from medicare, things that we've heard from republicans over and over like raising the eligibility age, means testing, things like that. so then we have about $600 billion in essentially spending cuts, half from mandatory spending, half from discretionary spending. this is the other very interesting thing that's new. $200 billion from revising the consumer price index. that sounds very technical. but it has very real world consequences because it very much could affect the money, the checks that social security recipients in particular get every single month because it effectively changes inflation so it changes the formula from what they would get. >> significant differences between the white hous
the obama proposal is raise that rate to 39.6% where it was during the clinton administration. what else is in this new gop proposal? >> reporter: let's show you some of the savings when it comes to government spending. first of all, they put about $600 billion in what the republicans are calling health savings. we understand -- we don't have details. we understand much of that comes from medicare, things that we've heard from republicans over and over like raising the eligibility age,...
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this guy is a key player in the obama administration. you know, there's lots of taj about coming back to wall street. he likes it down there, and he likes working there, and that he wants a higher position, and, you know -- >> down in wall street or washington? >> washington. washington's south; right? >> of here. >> wall street's south of here too. >> but down, down there. the meetings are about keeping people, i think, in line. we should point out that larry fink is on the treasury secretary short list. you know, i think this is jack lew's to lose, so to speak. that's what people say on wall street. if he's well in the budget negotiations, meaning, you know, basically, jamming most of the president's proposals down the republicans' throat, looks like he gets the job. that's where we are now. it's interesting watching wall street kiss up to the president on this. >> it is interesting. >> there is nobody, no economic perp i talked to who really thinks that this is the time to raise marginal taxes, even on the rich, the alleged rich, whic
this guy is a key player in the obama administration. you know, there's lots of taj about coming back to wall street. he likes it down there, and he likes working there, and that he wants a higher position, and, you know -- >> down in wall street or washington? >> washington. washington's south; right? >> of here. >> wall street's south of here too. >> but down, down there. the meetings are about keeping people, i think, in line. we should point out that larry fink...
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and were increased by the obama administration. the report is not political in any way shape or form. it endorses things that are supported by the right in some cases and that are supported by people on the left. you cannot just take the parts that you like. you have to take the holistic approach, to maximize u.s. production and to reduce consumption partly by diversifying our transportation sector away from petroleum. the last thing i will say is that petroleum use in transportation is the pivot point of this entire problem. 70% of our use of petroleum in this country is for transportation. transportation is fueled about 93% of the time by petroleum. if you want to reduce the united states' dependence on imported petroleum and the related geopolitical issues, particularly in an issue when rising demand is creating a potential conflict for these resources, then you have to recognize transportation has to be diversified away from petroleum or the prices are set on the world market. canada and norway have been net petroleum exporters
and were increased by the obama administration. the report is not political in any way shape or form. it endorses things that are supported by the right in some cases and that are supported by people on the left. you cannot just take the parts that you like. you have to take the holistic approach, to maximize u.s. production and to reduce consumption partly by diversifying our transportation sector away from petroleum. the last thing i will say is that petroleum use in transportation is the...
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the obama administration has laid out its plan calling for $1.6 trillion in new taxes. that includes letting the bush era tax cuts expire for those earning more than $250,000 a year. it's also pushing for a new $50 billion stimulus package and offering $400 billion in new cuts to medicare and other entitlement programs. but republican house speaker john boehner flatly rejected the plan on the table and what he calls the white house's unwillingness to compromise. >> i was just flabbergasted. i looked at him, i said, you can't be serious. i've never seen anything like it. you know, we've got seven weeks between election day and the end of the year. and three of those weeks have been wasted with this nonsense. >> you know, i think right now the best thing to do is for them to come to us and say, look, here's what we think makes sense. we've told them what we think makes sense. what we can't do is try to figure out what's going to be good for them. they have to come tell us. >> house minority leader and democrat nancy pelosi also jumping into the fray. she's renewed threats
the obama administration has laid out its plan calling for $1.6 trillion in new taxes. that includes letting the bush era tax cuts expire for those earning more than $250,000 a year. it's also pushing for a new $50 billion stimulus package and offering $400 billion in new cuts to medicare and other entitlement programs. but republican house speaker john boehner flatly rejected the plan on the table and what he calls the white house's unwillingness to compromise. >> i was just...
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finally, the administration wants paper performance in the education system with teachers. how about pay for performance in congress. that is a great way to save $87 million every year. love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, i oft in the show with my "2 cents more" on something that has me fired up, even angry. tonighti wanted to highlight something that made me happy. in new york city police officer has become a hero after this photo appeared on facebook. look at that. as of tonight over half a miion people f like it. what it is showing his an officer giving, as man and you pair of boots and a cold night inimes square. in arizona woman snapped the fun
finally, the administration wants paper performance in the education system with teachers. how about pay for performance in congress. that is a great way to save $87 million every year. love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, i oft in the show with my "2 cents more" on something that has me fired up, even angry. tonighti wanted to highlight something that made me happy. in new york city police officer has become a hero after this photo...
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president obama saying that if, in fact, the administration receives serious evidence that syria is, in fact, using chemical weapons, moving chemical weapons, that that would be a red line for this administration. now, we pressed white house press secretary jay carney on this point earlier and said, what specifically does a red line mean and what would the consequences be? the administration being fairly tight-lipped about that, but president obama just a few minutes ago saying the world is watching, and essentially that this administration will not tolerate that type of behavior from syria. >> indeed, a busy afternoon. thanks so much, kristin. kristin welker at the white house and we'll be right back. you ever notice that some people just have a knack for giving the perfect gift? they put real thought into it. and find just... the right...thing. how do they do that? more saving. more doing. that's the power of the home depot. pick up a ridgid jobmax multi-tool starter kit and get a free head attachment. starts with arthritis pain and a choice. take tylenol or take aleve, the #1 reco
president obama saying that if, in fact, the administration receives serious evidence that syria is, in fact, using chemical weapons, moving chemical weapons, that that would be a red line for this administration. now, we pressed white house press secretary jay carney on this point earlier and said, what specifically does a red line mean and what would the consequences be? the administration being fairly tight-lipped about that, but president obama just a few minutes ago saying the world is...
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obama has said that he wants a balanced approach. where are the cuts? >> grover norquist, president of americans for tax reform, author of the no-tax-hike pledge, but some people ar -- wants everybody to hold the line, but some people are weakening. i things starting to soften up there? >> tom cole, republican from oklahoma, a very astute politician, was it very honestly and openly a politician before he got elected to congress, and said that we ought to take the deal and cut taxes on 98% of people, basically rid ourselves of the fact that most people other than charles c., that the republicans have become the party of billionaires' and millionaires in this debate. that is what happened in the election of 2012. that really is a continuing problem for republicans. that is what you are seeing to it is not just anti-grover norquist movement. it is a realization that they have a political problem. >> a lot of positive signs for a deal. one is that grover norquist, who is kind of a ridiculous figure, it has been exposed as that and people are walking away. b
obama has said that he wants a balanced approach. where are the cuts? >> grover norquist, president of americans for tax reform, author of the no-tax-hike pledge, but some people ar -- wants everybody to hold the line, but some people are weakening. i things starting to soften up there? >> tom cole, republican from oklahoma, a very astute politician, was it very honestly and openly a politician before he got elected to congress, and said that we ought to take the deal and cut taxes...
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if i look at the first administration of president barack obama, there was a lot of inherentiiting of debt. i'm not saying i agree or disagree. there's many that believe blaming someone else is just a way to shirk leadership. i'll tell you what. here's the problem with the blame game. when blame becomes an issue, it takes the empathy out. it takes the civility out and it green lights sustaining dysfunctional patterns. i'll give you an example. once you start blaming for example, let's take grover norquist. he's good target. once you start blaming grover norquist for a pledge made to get elected by representatives, you are totally doing a bait and switch. all of a sudden the issue of entitlementsbowles. why? they will look straight in the camera and say the gorilla in the room, entitlements. but when the blame game happens and you basically do bait and switch, you create a red herring. in this case, the red herring, and it is red, are tax issues. or taxing the rich even though the real issue you're avoiding, the big one, are the entitlements and the spending. now ross lynn carter -- an
if i look at the first administration of president barack obama, there was a lot of inherentiiting of debt. i'm not saying i agree or disagree. there's many that believe blaming someone else is just a way to shirk leadership. i'll tell you what. here's the problem with the blame game. when blame becomes an issue, it takes the empathy out. it takes the civility out and it green lights sustaining dysfunctional patterns. i'll give you an example. once you start blaming for example, let's take...